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Class action against Noumi lays claim to $5M penalty in ASIC case
Securities 2024-07-18 2:04 pm By Sam Matthews

Noumi has agreed to pay a $5 million penalty for violating its continuous disclosure obligations in a case brought by the corporate regulator, but the applicant in a shareholder class action against the food company says the sum should be reserved to compensate group members. 

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Slater & Gordon admits to staff underpayments of at least $300,000
Employment 2024-07-18 11:51 pm By Christine Caulfield

Plaintiff law firm Slater & Gordon has admitted to a payroll error affecting at least 100 current and former employees that has resulted in underpayments of at least $300,000.

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Judge questions law firm’s 40% contingency fee in Ansell class action
Class Actions 2024-07-15 2:18 pm By Cindy Cameronne

A judge has questioned the law firm running a class action against medical glove maker Ansell on its application for a contingency fee rate of 40 per cent, which would equal the highest rate granted since Victoria allowed firms to earn a percentage profit of a group proceeding.

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COVID-19 business interruption class actions ‘manufacturing a controversy’, says insurer
Class Actions 2024-07-12 11:04 pm By Cindy Cameronne

Four insurers have argued that class actions over alleged business interruption losses during the height of the COVID-19 pandemic should be de-classed, with one insurer saying group members cannot “go behind” a Full Court decision denying coverage for certain policyholders.

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Partner drops suit against Melbourne law firm over Slater & Gordon share sale
Corporate 2024-07-11 11:25 pm By Cindy Cameronne

The managing partner of a leading plaintiff law firm has agreed to drop his case against a Melbourne law firm, which he claimed failed to properly advise him on an agreement that barred him from selling his shares in Slater & Gordon before the firm’s share price plummeted in 2015. 

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Partner declined advice at key stage of Slater & Gordon share offload, court told
Trials 2024-07-09 10:24 pm By Cindy Cameronne

A law firm partner who alleges a Melbourne solicitor failed to properly advise him on a share sale agreement with Slater & Gordon in 2014 declined assistance before signing a term sheet that outlined he could not sell his shares in the firm for three years, a court has heard.

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Partner sues Melbourne firm over advice on Slater & Gordon share sale
Business of Law 2024-07-08 11:03 pm By Cindy Cameronne

The managing partner of a leading plaintiff law firm has sued a Melbourne firm, alleging it failed to properly advise him on an agreement that prevented him from selling his shares in Slater & Gordon before its share price plummeted in 2015.

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Judge mulls joint trial of ACMA case, class action against Optus
Privacy & Cybersecurity 2024-06-14 3:35 pm By Sam Matthews

A judge overseeing several cases against Optus over a September 2022 data breach has raised the possibility of hearing a class action against the telco alongside new proceedings brought by the Australian Communications and Media Authority.

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Judge worries about declassing COVID-19 business interruption cases
Class Actions 2024-06-12 11:05 pm By Cindy Cameronne

A judge has raised concerns about bids to declass group proceedings over alleged business interruption losses during the height of the COVID-19 pandemic, saying the thousands of policyholders who registered for the class actions might reap more from the cases than making claims directly with their insurers.

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Judge throws out suit against Slater & Gordon over Allegro takeover
Corporate 2024-06-12 2:39 pm By Sam Matthews

A judge has thrown out a shareholder’s case against Slater & Gordon over the firm’s takeover by private equity firm Allegro, after finding the firm was not the proper target for the claims. 

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